The Comox Valley real estate market continues to be very active. Inventory levels for residential housing are down significantly, leading to upward pressure on prices (see graph below showing median price history recently..and for the last 10 years).
October 2020 results by numbers:
The average sell price of a detached home in October 2020 was $664,900; this is a 17% increase from last year.
Residential listings are down 49% compared with last year at this time.
Currently, it takes an average of 52 days for a residential home to sell; this is 10% faster compared to last year.
There have been 62 sales of properties over 1 million dollars from November 1, 2019 to November 1, 2020.
The snow is piling up and opening day is coming fast. Please visit mountwashington.ca for the latest snow conditions ~ hope to see you in the lineup on opening day!
This view was captured on November 16, 2020 overlooking Goose Spit.